16,368 Equinix, Inc. $EQIX Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP trimmed its position in Equinix, Inc. (NASDAQ:EQIX) by 4.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 330,500 shares of the financial services provider’s stock after selling 16,368 shares during the period. Equinix comprises 3.6% of Sustainable Growth Advisers LP’s investment portfolio, making the stock its 10th biggest position. Sustainable Growth Advisers LP owned approximately 0.33% of Equinix worth $334,327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQIX. V Square Quantitative Management LLC lifted its holdings in Equinix by 5.7% during the third quarter. V Square Quantitative Management LLC now owns 2,308 shares of the financial services provider’s stock worth $2,335,000 after acquiring an additional 124 shares during the period. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of Equinix during the 3rd quarter valued at $1,171,000. Harrell Investment Partners LLC increased its position in shares of Equinix by 4.5% during the 3rd quarter. Harrell Investment Partners LLC now owns 1,647 shares of the financial services provider’s stock valued at $1,666,000 after purchasing an additional 71 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of Equinix by 85.3% during the 3rd quarter. Ninety One UK Ltd now owns 1,736 shares of the financial services provider’s stock worth $1,756,000 after purchasing an additional 799 shares during the period. Finally, PFG Private Wealth Management LLC bought a new stake in shares of Equinix during the 3rd quarter worth $287,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EQIX shares. Mizuho boosted their price target on shares of Equinix from $1,200.00 to $1,275.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Cantor Fitzgerald raised their price objective on shares of Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of Equinix from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Weiss Ratings lowered shares of Equinix from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. Finally, TD Cowen lifted their price objective on shares of Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,206.55.

Equinix Trading Up 0.0%

Shares of Equinix stock opened at $996.26 on Friday. The stock has a market capitalization of $98.30 billion, a P/E ratio of 64.15, a P/E/G ratio of 1.42 and a beta of 0.98. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50-day simple moving average is $1,039.57 and its 200 day simple moving average is $1,049.94.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, research analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were issued a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.1%. Equinix’s dividend payout ratio (DPR) is 132.90%.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 4,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the sale, the director owned 13,859 shares of the company’s stock, valued at $14,126,201.52. The trade was a 22.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kurt Pletcher sold 135 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the sale, the insider owned 4,077 shares in the company, valued at approximately $4,384,813.50. This represents a 3.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 4,770 shares of company stock valued at $4,884,197. Company insiders own 0.27% of the company’s stock.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.